The Central American Bank for Economic Integration approved a $21.4 million extension for the financing of the "Project to Improve the Technical and Operational Capabilities of Puerto Corinto."
This extension brings the total amount guaranteed to $184.6 million, making it the largest investment in the country's port sector in recent decades, informed the Central American Bank for Economic Integration (CABEI).
Refinadora Costarricense de Petroleo S.A. tenders the design and construction of the Pacific Terminal for ship reception and storage at the Barranca Terminal.
Costa Rican Government Purchase 2021LN-000003-0016700102:
"In general terms the work to be developed by the contractor, under the modality Engineering, Procurement and Construction -IPC-, lump sum or lump sum consists of:
President Varela has vetoed the bill that repealed the concession contract to build and operate a container terminal in Rodman, which had been awarded to PSA Panama International Terminal.
The bill approved by the National Assembly in mid-April contained an article that repealed the concession contract with PSA Panama International Terminal,approved more than three years ago. At the time, the decision of the deputies was strongly criticized by the Panamanian business sector, which described it as athreat to legal security.
The Hernández administration is looking for companies interested in modernizing and expanding the Henecán port terminal in San Lorenzo, Valle department.
Representatives from the government met with the Ecuadorian company Yilport, who may be interested in the project.The aim of the Honduran authorities is to improve the infrastructure of the most important portfor the country on the Pacific coast.
New businesses in the segment of small shipping companies, and competitiveness in the maritime and logistics regional market is what the country is missing out on because of the delay in the construction of a new terminal.
One of the main points in favor of the construction of a port in Corozal is the business that could be generated in the segment of smaller shipping companies, which, according to entrepreneurs in this sector, have difficulty accessing the services they need because larger shipping companies are generallygiven priority attention at major ports.
The lack of tax incentives could be one of the reasons why no companies submitted bids in the tender for the concession of the port in Corozal in Panama.
The lack of bids in the tender for the concession of the construction and operation of a container port in Corozal West came as no surprise to some entrepreneurs in the maritime sector, who believe that lack of sufficient tax incentives could have influenced the decision of companies to not submit bids.The opposition that the project has generated and the lawsuits filed against it could also have weighed on the decision not to participate.
In Panama, the deadline for bids in the tender for the design, construction and operation of the Container Terminal Corozal has been postponed until February 17.
The Panama Canal Authority announced that on February 1 the new deadline for submitting tender proposals is 17 February. The 14-day extension was put forward in order for there to be more time to respond to queries raised by the prequalified companies during approval meetings.
The Panamanian private sector advocates approval of the bill that would give the operator of the port at Corozal the same tax benefits as other companies.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
The $53 million tender to build and operate a multipurpose terminal in the province of Cocle has been canceled because no proposals were submitted.
Since no company expressed interest in the tenderto concession the construction and operation of the port in Aguadulce, the Panama Maritime Authority has had to cancel the call for the third time.
Panama risks losing out to regional competition in the logistics area if the project to develop a cargo port in the area of Corozal continues to be hindered.
From a statement issued by the Chamber of Commerce, Industries and Agriculture (CCIAP):
The ACP has approved the documents to tender in ten days a concession to one of the prequalified companies; PSA International Ltd, Terminal Link, Terminal Investments Limited and APM Terminals.
From a statement issued by the Panama Canal Authority:
Eleven legal processes are hindering progress of the project that could increase the capacity of container movement in the Panamanian port system.
Panama could already have a container terminal operating on the Pacific side, but opposition from the Panama Ports Company (PPC) and others such as residents of surrounding areas has impeded progress of the project which the Panama Canal Authority has been promoting since 2014.
Expanding moorings in Gamboa on the Atlantic side, continuing construction of the third bridge over the canal, and building another on the mouth of the Chagres River are some of the works planned for 2017.
The Panama Canal Authority (ACP by its initials in Spanish) will have a budget of $2.8 billion to manage in 2017, and among the projects which are to be completed is finishing"... the widening of the canal at the Pacific entrance to 300 meters from the expanded Canal, continuing with the widening of the borders of the Chagres Crossing, Gamboa and Juan Grande. "
The Chinese giant Cosco Shipping Group has announced new business strategies, which involve the passage of ships carrying 14,000 TEUs through the Canal and transshipments on the Pacific coast.
Panama Ports Company wants the tender process be annulled and to be directly granted use of the Corozal area in order to extend the operation of the terminal at Balboa.
While the Varela administration is preparing a project to give the future port in Corozal the same exemptions as those enjoyed at other port terminals, the current concessionaire of the ports of Balboa and Cristobal is redoubling its efforts in the process to get a concession awarded to it for the use of the area in Corozal so that it can extend its operations in Balboa.
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